January 10: Premier Steel Pvt Ltd has announced the sale and distribution of its products in eastern Nepal. The company said in a statement that its Fe 500 grade steel rebars with Nepal Standard certification 191 are available in different sizes in the market.
The company claimed that its products, ranging from 8 mm to 32 mm, are of superior quality as they are made of prime billets.
The company said it has the capacity to produce 40 tons of 8 to 32 mm steel rebars in just an hour. The factory runs for 20 hours each day with four hours separated for maintenance. The company said it uses Japanese technology to produce steel rebars.
The statement further said that the company uses rolling technique to eliminate human error while production.
“The use of computer controlled machines for rib design and notching maintains the strength of the products with the right amount of concrete mixed in,” said the statement.
Premier Steel said it imports raw materials from Andhra Pradesh, Orissa, Jharkhand and West Bengal.
The main market for the company currently is Province 1 and the company said it aims to produce material for the entire country in the coming days.
Premier Steel is a joint venture of Sharda Group and Rathi Group. The operators claim to have been generating steel for more than 36 years. Currently, the company has been producing Fe 500 grade steel.